MagniX, which was founded in Australia 10 years ago and is owned by Singapore-based billionaire Richard Chandler, is Ganzarski points out that of the 45 million flights airlines completed worldwide in 2018, roughly 5% were under 100 miles. Next you go for up to 19 passengers, like the Zunum concept. "This plane looks like this not because we wanted to build a cool plane, but because it is electric," says Eviation's chief executive Omer Bar-Yohay. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Eviation chief executive Omer Bar-Yohay reveals future plans for his company's nine-seat electric plane at the 2019 Paris Air Show.A rendered image of the Eviation Alice. US regional airline Cape Air, which operates a fleet of 90 aircraft, has agreed to buy a "double-digit" number of the aircraft.The firm is using Siemens and magniX to provide the electric motors, and magniX chief executive Roei Ganzarski says that with two billion air tickets sold each year for flights of under 500 miles, the business potential for small electric passenger aircraft is clear. These are external links and will open in a new window The all-electric eCaravan is a retrofitted Cessna and can carry nine people. But will this be enough to offset the growing demand for air travel?This week's Paris Airshow saw the launch of the world's first commercial all-electric passenger aircraft - albeit in prototype form. "Electric flying is becoming a reality and we can now foresee a future that is not exclusively dependent on jet fuel," says EasyJet chief executive Johan Lundgren.It's a statement underscored by a report from investment bank UBS which predicts the aviation sector will quickly switch to hybrid and electric aircraft for regional travel, with an eventual demand for 550 hybrid airliners each year between 2028 and 2040.But the prospects for electric long-haul flights are not so rosy.While electrical motors, generators, power distribution and controls have advanced very rapidly, battery technology hasn't.Even assuming huge advances in battery technology, with batteries that are 30 times more efficient and "energy-dense" than they are today, it would only be possible to fly an A320 airliner for a fifth of its range with just half of its payload, says Airbus's chief technology officer Grazia Vittadini. Crucially, electricity is much cheaper than conventional fuel. Small hybrid-electric planes ferrying 10 to 20 passengers could arrive by the middle of the next decade and bigger regional-sized aircraft carrying many as 40 passengers …

"The company also provided propulsion systems for a six-seater all-electric plane flown for the first time in October.Operator Harbour Air called the flight a "world first" for the aviation industry after the plane flew for about 15 minutes after taking off from Vancouver, Canada.At the time, magniX CEO Roei Ganzarski said in a statement that the transportation sector -- and the aviation industry in particular -- is "ripe for a massive disruption. PARIS — The Israeli start-up Eviation announced at the Eviation is developing a nine-passenger aircraft designed to fly up to 650 miles at around 240 knots (276 miles per hour). ET).The original Cessna Caravan is one of the most widely used middle-mile planes in the world, with more than 2,600 aircraft working in 100 countries, the press release states.The all-electric version will use a 750-horsepower (560kW) magni500 propulsion system. "You build a craft around your propulsion system. It should fly in 2022 and is forecast to be ready for regional airliners by the mid-2020s.Zunum Aero, backed by Boeing, is using a engine turbine from France's Safran to power an electric motor for a hybrid craft. But with electricity "it'll be between $8-$12, which means much lower costs per flight-hour". The first battery-electric passenger planes in commercial service may turn … This is a list of electric aircraft, whose primary flight power is electrical. Israeli firm Eviation says the craft - called Alice - will carry nine passengers for up to 650 miles (1,040km) at 10,000ft (3,000m) at 276mph (440km/h). "As the world's largest all-electric aircraft, this first flight is a significant milestone in disrupting the transportation industry and accelerating the electric aviation revolution," reads the press release.It goes on, "magniX's ultimate goal is to better connect communities by bringing to market an advanced all-electric propulsion system that offers lower cost of operations and zero emissions. It is set to fly in 2021. Once again, an all-electric narrowbody airline is planned for launch in 2030. MagniX tested a 350-horsepower version of its electric motor last summer on the rig pictured here.Harbour Air is the first and only airline to become fully carbon neutral — McDougall says that its short routes enable it to add a modest amount to its ticket price to fund carbon offsets. Send tips to jbogaisky[at]forbes.com

"Harbour Air’s fleet of Beaver aircraft and its larger twin and single-engine Otter seaplanes are rugged aircraft built by de Havilland Canada to serve as bush planes, capable of taking off and landing in tight spaces.